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THE HONGKONG GOVERNMENT GAZETTE, 17TH FEBRUARY, 1883. 111

In proof that the benefits arising from reforesting are real, the example of the small town of Varazze, on the Riviera di Ponente, an honourable exception to the general indifference in Italy, is cited by the writer in the “Bulletin." The mountains above Varazze in 1854 were entirely denuded of vegetation, as the neighbouring heights still remain. The territory belonged to the commune, but, although covering a superficial area of some 4,000 hectares, it yielded little or no revenue. Every heavy downpour of rain caused the torrent Toira, which traverses Varazze, to swell; and, on more than one occasion, the very existence of the town was threatened. The communal authorities at length determined to dispose of their property in numerous small lots, in part on perpetual leases, to the no small advantage of their finances. But the principal benefit that has accrued is that the mountain slopes are now covered with woods of stone pines ("pino marittimo"), that the rains no longer cause the Toira to swell, and that the town of Varazze is safe from inundations.

The Italian Alpine Club has made several partial efforts towards reforesting various points of the Alps and the Apennines, the merit of the initiative in the matter being, in great part, due to Mr. R. H. Budden, an English gentleman, President of the Florentine section of the Club. But, however deserving of praise private efforts in this direction may be, they cannot cure an evil which has grown to such dimensions as to demand a remedy of a national character.

I have, &c,

(Signed)

D. E. COLNAGHI.

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GOVERNMENT NOTIFICATION.—No. 61.

BANK NOTE CIRCULATION.

The following Account, duly certified, of the Average Amount of BANK NOTES in Circulation

in Hongkong, during the Month ending 31st

January, 1883, is published for general informa-

tion.

By Command,

FREDERICK STEWART,

Colonial Secretary's Office,

Acting Colonial Secretary.

Hongkong, 17th February, 1883.

SPECIE

AVERAGE

AMOUNT. IN RESERVE,

BANKE.

$

$

Oriental Bank Corporation,

1,193,462

400,000

Chartered Mercantile Bank of

India, London & China,

1,157,552

390,000

Chartered Bank of India, Australia

& China,

939,727

320,000

Hongkong & Shanghai Banking

Corporation,....

2,152,419

750,000

TOTAL, ....

5,443,160 1,860,000

GOVERNMENT NOTIFICATION.-No. 62.

RACES.

The following Police Notification is published

for general information.

By Command,

FREDERICK STEWART,

Acting Colonial Secretary.

Colonial Secretary's Office,

Hongkong, 17th February, 1883.

二月十七日示

號二十六第

六第報

一千八百八十三年